Question
1.When calculating the closing balance of owner's equity for a business, which of the following should be added to the beginning owner's equity? a.Net income
1.When calculating the closing balance of owner's equity for a business, which of the following should be added to the beginning owner's equity?
a.Net income and owner's contributions
b.Assets and liabilities
c.Assets and owner's contributions
d.Owner's contributions and owner's withdrawals
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
